WTO Finds Irregularities in China’s Tariff-Rate Quotas on Agricultural Imports - Forex News by FX Leaders
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WTO Finds Irregularities in China’s Tariff-Rate Quotas on Agricultural Imports

Posted Friday, April 19, 2019 by
Arslan Butt • 1 min read
Trump’s trade arguments got a boost with the WTO ruling on Thursday that China’s trade restrictions in agriculture were not in keeping with proper procedures. According to the WTO, the tariff-rate quotas imposed by China on rice, wheat and corn have several legal irregularities.
The US Department of Agriculture had previously estimated that China’s tariffs prevented crops worth $3.5 billion from being imported into China from the US. This ruling could have a positive impact on American farmers who could benefit from greater access into Chinese markets once this issue is rectified.

The Chinese Ministry of Commerce, on its part, has stated that it will review the WTO report and manage tariff-rate quotas on agricultural imports in keeping with WTO rules.
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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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